First, thank you to all who choose to read/comment!

I recently completed school in Spring '23 and have a current running balance with College Avenue loans in the amount of $105,500 and growing. This is a combined total of funds used for a bachelors and masters degree. Below is the rough breakdown on how it looks on my college avenue portal, the $105,500 is spread across three separate loans. (Note: Very high interest due to my own personal credit and the creditworthiness of my co-signer at time of application, have tried re-financing with So-Fi and others and was denied by all)

Loan 1: $45,500 - $830 min pay
Loan 2: $21,500 - $250 min pay
Loan 3: $38,500 - $500 min pay

I was suppose to enter repayment this month October 2023, but due to not having anywhere near the $1500.00 monthly amount required I contacted College Avenue and was able to put them in a hardship deferment until March of 2024. (College Avenue explained though this was the final straw if you will, they have no other options for me after this deferment ends)

I have read through post after post on this sub trying to find best solution and I think I have a way of how I want to proceed, but seeing what's best for next step? (I realized not for financial advice, but always open to hearing suggestions)

I realize I am a way off from being subject to a default, but I am trying to be proactive so I have a plan. Come March 2024 I will not have the $1500.00 payment either unless I re-allocate some payments and make other unsecured debt I have suffer.

Option 1 - Reallocate $1500.00 from credit cards, personal loan monthly payments - Am I better off settling a debt with a financial institution/credit agency on these type of debts vs. having my private loans with college avenue default?

Option 2 - Is their any advantage to just make the $250.00 payment on loan 2 (if I can afford it) and leave the others go into default?

Option 3 - Bankruptcy - While I know I have not dove deep into my personal financials lets just say that my co-signer and I are excellent candidates for bankruptcy due to our current financial situation. While I know private loans are still extremely challenging to get dismissed in filing, the bankruptcy attorney I spoke with last week said their is a chance if I choose to file.

Looking for stories of past experiences any of you had that might be similar to mine and be willing to share how you navigated?